Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Luken Investment Analytics LLC’s Largest Position

Luken Investment Analytics LLC decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 185,423 shares of the company’s stock after selling 1,257 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 18.1% of Luken Investment Analytics LLC’s investment portfolio, making the stock its biggest position. Luken Investment Analytics LLC’s holdings in Invesco NASDAQ 100 ETF were worth $39,022,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth $25,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter worth about $31,000. Kieckhefer Group LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $32,000. Finally, Mendota Financial Group LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $40,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $215.34 on Friday. The stock’s fifty day moving average is $213.60 and its 200 day moving average is $203.23. The firm has a market capitalization of $42.10 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $221.92.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

Invesco NASDAQ 100 ETF Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.